Oracle Corporation (ORCL) - NYSE
  • Mar. 26, 2013, 5:21 PM

    The fact Oracle's (ORCL) hardware product sales fell 23% Y/Y each of the last 2 quarters, and is expected to fall 13%-23% in this one, isn't stopping it from issuing a hype-filled PR to introduce its latest SPARC M5 and T5 servers. According to Oracle, the M5-32 is "up to 10x faster than previous generations," and the T5-8 offers "a 12x cost performance advantage" over IBM's Power 780 servers (Big Blue will undoubtedly differ). Though many of Oracle's engineered system lines (based on Intel Xeon CPUs) have shown decent growth, demand for SPARC systems (based on proprietary CPUs) has been nosediving.

    | Mar. 26, 2013, 5:21 PM | 4 Comments
  • Mar. 26, 2013, 9:23 AM

    "I’m very happy at Oracle (ORCL). No interest," replies Mark Hurd when asked about the Dell CEO job. Blackstone has reportedly viewed Hurd as a contingency option if Michael Dell chose not to support their bid.

    | Mar. 26, 2013, 9:23 AM | 1 Comment
  • Mar. 25, 2013, 10:35 AM

    Oracle (ORCL -1.2%) is acquiring telecom signaling/policy control software leader Tekelec for an undisclosed sum. Look for the price to be higher than the $780M a consortium recently paid for the company. Tekelec's software, used by over 300 carriers, complements Oracle's communications software and Acme Packet's VoIP infrastructure hardware/software, and helps address the need for more advanced policy management tools to handle surging mobile data traffic. Larry Ellison recently suggested more telecom acquisitions are on the way.

    | Mar. 25, 2013, 10:35 AM
  • Mar. 22, 2013, 7:12 PM

    "Our ambition is to be the primary technology provider to the telecommunications industry," said Larry Ellison during Oracle's (ORCL) FQ3 call. The remarks are fueling speculation Acme Packet is just the start of an M&A spree. Meanwhile, some on the Street are worried Oracle's software license woes could lead to pressure for its high-margin services business. Cowen: "For a long time they've held firm on pricing for maintenance ... Now that you have an ever-growing raft of [cloud] alternatives, more and more traditional customers are availing themselves." (previous)

    | Mar. 22, 2013, 7:12 PM | 5 Comments
  • Mar. 21, 2013, 11:39 AM

    Evercore and CLSA have downgraded Oracle (ORCL -8.8%) following its FQ3 miss and light top-line guidance. The numbers have many worried about the impact of cloud apps ... and not just on application software sales. "As customers move to the cloud, you get a lot of the functionality consolidated ... so you need less hardware and less databases and middleware," says Pac Crest. UBS is still bullish: "Historically when they have a miss it’s a great time to buy." Interestingly, cloud rivals are higher - WDAY +1.4%, CRM +0.4%, N +1.2% - even as other peers follow the tech sector lower. IBM -1.6%. INFA -1.6%. RHT -1.1%. (transcript)

    | Mar. 21, 2013, 11:39 AM | 4 Comments
  • Mar. 21, 2013, 9:10 AM
    Premarket gainers: ITMN +12%. CBLI +9%. ACAD +7%. AFFY +6%.
    Losers: CIMT -12%. SCHL -11%. BLDP -9%. ORCL -8%. GES -7%.
    | Mar. 21, 2013, 9:10 AM
  • Mar. 20, 2013, 5:39 PM
    After-hours top gainers, as of 5:15 p.m.: FSYS +3%. JKS +2%. HLF +2%. GEVO +2%. CIM +2%.
    After-hours top losers: GMO -16%. TLYS -10%. TUMI -10%. ORCL -7%. GES -5%.
    | Mar. 20, 2013, 5:39 PM
  • Mar. 20, 2013, 5:19 PM

    Oracle (ORCL) guides on its FQ3 call (webcast) for -1% to +4% Y/Y revenue growth in FQ4, and EPS of $0.85-$0.91. The former is below a consensus for 5.2% growth, while the latter is in-line with an $0.88 consensus. New software license/cloud subscription growth is expected to be in a range of 1%-11%, and hardware product sales are expected to fall 13%-23%. Oracle blames its FQ3 miss in part on deal push-outs and sales execution issues related to new hires. Oracle insists its win rate remains strong, and that the macro situation is unchanged. Shares -7% AH.

    | Mar. 20, 2013, 5:19 PM | 6 Comments
  • Mar. 20, 2013, 4:32 PM

    Blackstone is "seriously considering a bid" for Dell (DELL), Fortune reports, and is forming "contingency plans" for new leadership in the event Michael Dell remains committed to Silver Lake. Oracle (ORCL) second-in-command and former H-P CEO Mark Hurd is said to be a top choice. Dell +0.4% AH to $14.38. (previous)

    | Mar. 20, 2013, 4:32 PM | 6 Comments
  • Mar. 20, 2013, 4:24 PM

    More on Oracle: New software license/cloud subscription sales fell 2% Y/Y in FQ3, down sharply from FQ2's +17% and below guidance of +3%-13% (is cloud competition a factor?). Hardware product sales -23%, same as FQ2 and worse than guidance of flat to -10% (plunging UNIX server demand). License update/product support sales +7% (same as FQ2). Cloud software sales (boosted by acquisitions) grew "well over 100%." $2.1B in buybacks propped up EPS. Opex -2% Y/Y. ORCL -6.6% AH. CC at 5PM ET (webcast), guidance should be provided. (PR)

    | Mar. 20, 2013, 4:24 PM | 1 Comment
  • Mar. 20, 2013, 4:02 PM
    Oracle (ORCL): FQ3 EPS of $0.65 misses by $0.01. Revenue of $9B misses by $0.4B. Shares -5.5% AH. (PR)
    | Mar. 20, 2013, 4:02 PM | 6 Comments
  • Mar. 20, 2013, 1:26 PM

    H-P's (HPQ +0.8%) internal processes are being overhauled left and right, says tech/operations chief John Hinshaw ahead of today's shareholder meeting. The changes, which cover sales, procurement, and much else, may have contributed to H-P's FQ1 EPS beat. A lot of the changes involve the use of cloud software: Hinshaw claims H-P has the world's largest Salesforce (CRM) and Workday (WDAY) implementations (ORCL software was replaced) and that using Salesforce has led to huge improvements in sales efficiency and job satisfaction.

    | Mar. 20, 2013, 1:26 PM | 3 Comments
  • Mar. 20, 2013, 7:48 AM

    Oracle's (ORCL) FQ3 earnings are due out after the bell, with analysts forecasting that EPS rose to $0.66 from $0.62 and that revenue increased 4.1% to $9.37B. Oracle is expected to have benefited from an increase in its sales staff over the last 18 months and from fairly stable demand. "After talking with our Oracle contacts, it sounds like FQ3 was solid," Pacific Crest's Brendan Barnicle says, while Citigroup's Walter Pritchard sees "positive product catalysts ahead."

    | Mar. 20, 2013, 7:48 AM
  • Mar. 20, 2013, 12:10 AM
    Notable earnings after Wednesday’s close: GES, JBL, ORCL, PSUN, SVM
    | Mar. 20, 2013, 12:10 AM
  • Mar. 19, 2013, 5:35 PM
    Notable earnings after Wednesday’s close: GES, JBL, ORCL, PSUN, SVM
    | Mar. 19, 2013, 5:35 PM
  • Mar. 19, 2013, 1:40 PM

    H-P (HPQ) wants a whopping $4B in damages from Oracle (ORCL) over the software giant's decision to discontinue support for Intel's Itanium server CPUs. Look for H-P to point to its plummeting high-end server sales (-24% Y/Y in FQ1) as evidence of the damage Oracle caused. Look for Oracle, which resumed supporting Itanium after a judge ordered it to, to argue demand for "Itanic" was diving anyway as enterprises embraced x86 servers, and that Intel's own commitment to the platform is lukewarm.

    | Mar. 19, 2013, 1:40 PM | 5 Comments
Company Description
Oracle Corp. provides enterprise software and computer hardware products and services. The company is organized into three businesses: Software and Cloud, Hardware Systems and Services. The Software and Cloud business operates through the following segments: New Software Licenses and Cloud... More
Sector: Technology
Industry: Application Software
Country: United States